Weekly Industry News

Bid to build more affordable homes

Weekly Industry News

THE government is working on a new privatisation model to build more affordable homes via stronger collaboration between the federal and state governments and property developers.

Economic Affairs Minister Datuk Seri Azmin Ali said the privatisation model would spur private companies to play a more active role in developing the country along with the government.

“We have targeted to build at least 100,000 affordable houses a year and should be able to build one million units in 10 years,” he said after the official handover of Simfoni Apartments @ Eco Majestic, here, yesterday.

Azmin said although the government was responsible for providing basic services and infrastructure, including affordable homes, it did not have the capacity to do so at the moment.

“Developing the country is not the responsibility of the government alone. We need the private sector to come in.”

Media Title: New Straits Times

Date: 07 Jan 2019

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